Mark Bouris' financial services company Yellow Brick Road has played it coy over media speculation of an impending $215 million merger with Homeloans Limited.
This morning Yellow Brick Road responded to reports the group was progressing talks on a potential combination of the two ASX-listed firms as it looks to broaden its mortgage broking footiprint.
Yellow Brick Road said it "is often in discussions with many parties on a range of matters" and that "any current discussions are incomplete and strictly confidential".
"No agreements have been entered into which would require disclosure to the market," the group said.
If and when a matter warranting disclosure occurs, Yellow Brick Road said, it would notify the market in the proper manner.
Macquarie Group and National Australia Bank are both major shareholders in Homeloans Limited, with a 20 per cent and 18 per cent stake respectively.
As major stakeholders, any a deal would likely result in NAB joining the register of the Bouris-led outfit and Macquarie’s 18 per cent stake in Yellow Brick Road's expansion.